Local Bounti (NYSE:LOCL) shares are down during Wednesday’s premarket session. The stock’s decline comes as broader markets experienced gains, with the Russell 2000 rising 1.08% and the S&P 500 up 0.78%, adding pressure as investors react to the earnings report and its implications for future performance.
Last month, the company reported mixed fourth-quarter and full-year 2025 financial results which highlighted a 27% annual revenue growth alongside improved net loss and adjusted EBITDA.
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Sales rose 24% year over year (Y/Y) to $12.5 million (vs. consensus of $15.0 million). The Y/Y growth was led by higher production and stronger performance across facilities in Georgia, Texas, and Washington.
Adjusted gross margin improved about 400 basis points to 29% in the quarter. The company reported loss per share of 38 cents versus consensus loss of 60 cents.
Kathleen Valiasek, president and CEO of Local Bounti, added, “We are carrying significant momentum into 2026 and what makes this moment especially exciting is that our improving execution is converging with a positive shift in the market. The same retailers and strategic partners who …